Agricultural Biologics Global Market Report 2024 by The Business Research Company | Syngenta AG, Dow Chemical Company, Bayer AG, BASF SE, Isagro SPA, Corteva Inc., Marrone Bio Innovations Inc., Certis Group, Valent BioSciences Corp., BioWorks Inc.,

The agricultural biologics market size has grown rapidly in recent years. It will grow from $12.39 billion in 2023 to $14.41 billion in 2024 at a compound annual growth rate (CAGR) of 16.3%. The growth in the historic period can be attributed to rise in organic farming, rise in awareness of the environmental impact of chemical pesticides and fertilizers, growth in global population, emerging growth in economies.

The agricultural biologics market size is expected to see rapid growth in the next few years. It will grow to $25.66 billion in 2028 at a compound annual growth rate (CAGR) of 15.5%. The growth in the forecast period can be attributed to increasing food demand, favorable government policies, demand for higher crop yields, adoption of precision agriculture, rise in disposable income. Major trends in the forecast period include customized microbial solutions, biological seed treatments, biodegradable biologic formulations, utilizing blockchain technology.

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Agricultural Biologics Market Major Segments
The agricultural biologics market covered in this report is segmented -

1) By Type: Biopesticides, Biofertilizers, Biostimulants
2) By Source: Microbials, Macrobials, Biochemicals, Other Sources
3) By Mode of Application: Foliar Spray, Soil Treatment, Seed Treatment, Post-Harvest
4) By Application: Cereals And Grains, Oilseed And Pulses, Fruits And Vegetables, Turf And Ornamentals, Other Applications

Key Driver - Increasing Pest Outbreaks Drive Growth In The Agricultural Biologics Market

The increasing incidences of pest outbreaks contributed to the growth of the agricultural biologics market. Pest outbreaks refer to an increasing sporadic and large population of pests that are economically harmful to crops and human beings. Due to pest outbreaks, the threats to crops cause 10-40% losses to major food crops such as corn, wheat, and rice cost to the global economy. The pests cause damage to crops and significantly impair growers' productivity and destroy cropland. For instance, in May 2023, an article published by Springer Nature Limited, a Germany-based provider of publishing services the annual crop yield loss caused by pathogens and pests alone is estimated at US$220 billion, directly impacting food security, regional economies, and other linked socio-economic aspects. Hence, increasing pest outbreaks is driving the growth of the agriculture biologics market.

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Prominent Trend - Growing Strategic Partnerships In The Agriculture Biologics Market To Enhance Grower Solutions And Product Innovation

Strategic collaboration and partnerships are the key trends gaining popularity in the agriculture biologics market. Strategic collaboration is increasingly being done among market players to develop and commercialize agricultural biological products for the betterment of growers and each other businesses. For instance, In October 2021, UPL, an Indian manufacturer, and distributor of bio-solutions announced the collaboration with Chr. Hansen, a Denmark-based bioscience company helps farmers worldwide to fight pest diseases and improve crop quality and yields. Furthermore, in August 2021, Marrone Bio Innovations Inc., a US-based provider of sustainable protection and plant health solutions announced the collaboration with Terramera, a Canada-based agri-tech company to exchange their technological and biological expertise to increase the performance of MBI's crop protection products and accelerate product development.

Agricultural Biologics Market Players
Major companies operating in the agricultural biologics market include Syngenta AG, Dow Chemical Company, Bayer AG, BASF SE, Isagro SPA, Corteva Inc., Marrone Bio Innovations Inc., Certis Group, Valent BioSciences Corp., BioWorks Inc., Andermatt Biocontrol AG, Koppert Biological Corp., Biowin AG, Verdesian Life Sciences LLC, Vestaron Corporation, Novozymes Biologicals AS, Gowan Company, AgBiome Inc., Sipcam Agro USA, Inocucor Technologies Inc., Biobest Group NV, NewLeaf Symbiotics Inc., Indigo Agriculture, Azotic Technologies, Lallemand Plant Care, Terramera Inc., FMC Corporation, Isagro Asia Pvt. Ltd., BioConsortia Inc., Valent USA LLC

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Largest And Fastest Growing Region In The Market
North America was the largest region in the agricultural biologics market in 2023. Asia-Pacific is expected to be the fastest-growing region in the agricultural biologics market. The regions covered in the agricultural biologics market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Agricultural Biologics Market Report Structure
3. Agricultural Biologics Market Trends And Strategies
4. Agricultural Biologics Market - Macro Economic Scenario
5. Agricultural Biologics Market Size And Growth
…..
27. Agricultural Biologics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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